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What Are Three Factors That Determine Current Labour Supply

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What are three factors that determine current labour supply?


Definitions:

Leftover Income

The amount of money an individual or household has after all expenses and taxes have been paid; also known as disposable income.

Bundle

A collection or group of goods or services that are considered together as a single combined unit.

Monthly Income

The total amount of income received on a monthly basis from all sources.

Price

The financial sum expected, necessary, or handed over in exchange for something.

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